Business news - 12 December 2013

Routing for the South Stream gas pipeline through Hungary will be determined in the first quarter of 2013

Cortez Subsea has secured its firs contract win in Ghana for pipeline inspection work

Tethys Petroleum gives an update on its operations in Kazakhstan.

Pacific Connector gas pipeline construction is set to begin in 2015, with the delivery of natural gas to Jordan Cove expected in 2017.

Capital expenditure for 2014 in the Wolfcamp Shale forecast to reach almost US$ 2 billion.